The raunchy comedy, which also stars Kathryn Hahn and Allison Janney, received a strong reception among buyers following its Friday night premiere at Ryerson Theatre.

Focus will release the dark comedy domestically in 2014, while Focus Features International and Universal will handle the film overseas. The deal closed less than 12 hours after the film's Ryerson Theatre premiere Friday at the Toronto Film Festival, where it received a strong reception from buyers.

The raunchy comedy centers on a 40-something misanthrope who uses a loophole to compete in a national spelling bee. Sean McKittrick financed the film through his Darko Entertainment banner. Bateman produced alongside Mason Novick, McKittrick and Jeff Culotta.

Universal already enjoys a strong relationship with Bateman coming off the hit comedy Identity Thief, which Bateman starred in and produced.

The film is in a similar vein as Bad Santa given its strong language and risque sequences, including a 10-year-old drinking alcohol and watching a prostitute undress. Bad Words will undoubtedly receive an R rating.